PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

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PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the year.

PGGM has continued to broaden the breadth of strategies that it allocates to in the ILS and reinsurance sector in recent years, becoming an increasingly important source of assets for the market as a whole.

The pension fund investment manager, that looks after allocations to the ILS and reinsurance market on behalf of one of the pensions it administers, the Dutch healthcare and social welfare sector’s PFZW pension, entered 2019 with around EUR 5 billion of assets under management, but lifted that figure throughout the last year to EUR 5.8 billion (around US $6.5 billion at the end of 2019).

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